Mosaic Re Ltd.
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Mosaic Re Ltd. - At a glance:
- Issuer / SPV: Mosaic Re Ltd.
- Cedent / Sponsor: U.S. Fidelity & Guaranty Company
- Placement / structuring agent/s: Goldman Sachs, E.W. Blanch Capital Markets.
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: U.S. hurricane, U.S. earthquake
- Size: $45m
- Trigger type: Indemnity
- Ratings: ?
- Date of issue: Jul 1998
Mosaic Re Ltd. - Full details
Coverage for a defined portfolio of U.S. property catastrophe excess-of-loss reinsurance contracts.
Provides retro coverage on an aggregate excess-of-loss basis.
Multiple tranches providing a combined cat bond / swap deal.
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